Trade

Biden presses China to fulfill Trump Phase 1 deal

President Biden pressed Chinese President Xi Jinping to fulfill his predecessor’s phase one trade deal, during a virtual meeting between the two leaders on Monday evening, senior officials said.

FTC begins looking into Facebook disclosures

Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s internal company research had identified ill effects from its products, according to people familiar with the matter.

Business groups call on Biden to restart trade talks with China

Nearly three dozen of the nation’s most influential business groups — representing retailers, chip makers, farmers and others — are calling on the Biden administration to restart negotiations with China and cut tariffs on imports, saying they are a drag on the U.S. economy.